Masonic Hall Association Of Towanda Borough
- Assets
- $275.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Towanda, PA
- Founding
- 07/1945
- Data as of
- 12/2023
- EIN
- 24-0654975
Organization Overview
Masonic Hall Association Of Towanda Borough is located in Towanda, PA. The organization was established in 1945. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Hall Association Of Towanda Borough is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, Masonic Hall Association Of Towanda Borough generated $38.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $42.1k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO MAINTAIN THE MASONIC BUILDING LOCATED AT THE CORNER OF PINE ST. AND MAIN IN TOWANDA PENNSYLVANIA, SO THAT IT CAN BE USED TO HOLD THE MEETINGS FOR THE MASONIC BODIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Them President | 0 | $0 | |
Steve Benjamin Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,958 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,126 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $32,375 |
| Total Revenue | $38,459 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $660 |
| Occupancy, rent, utilities, and maintenance | $13,050 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,416 |
| Total expenses | $42,126 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,242 |
| Other assets | $0 |
| Total assets | $275,241 |
| Total liabilities | $2,724 |
| Net assets or fund balances | $272,517 |